TFS Financial Corp DEF 14A: Executive Comp & Financials
Ticker: TFSL · Form: DEF 14A · Filed: Jan 10, 2025 · CIK: 1381668
| Field | Detail |
|---|---|
| Company | Tfs Financial Corp (TFSL) |
| Form Type | DEF 14A |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, financials
TL;DR
TFS Financial Corp DEF 14A out - exec comp & financials for FY24 detailed.
AI Summary
TFS Financial Corp filed a DEF 14A on January 10, 2025, detailing executive compensation and financial performance for the fiscal year ending September 30, 2024. The filing includes information on the grant date fair value of equity awards and changes in pension and deferred compensation earnings for various fiscal years, including 2023-2024, 2022-2023, and 2021-2022.
Why It Matters
This filing provides transparency into how TFS Financial Corp compensates its executives and details financial metrics relevant to its performance as a federally chartered savings institution.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but the specific financial details and executive compensation can reveal underlying business performance and potential risks.
Key Numbers
- 2024-09-30 — Fiscal Year End (The end date for the reporting period covered by the filing.)
- 2023-10-01 — Reporting Period Start (The start date for the primary reporting period discussed in the filing.)
Key Players & Entities
- TFS Financial Corp (company) — Filer of the DEF 14A
- 0001381668-25-000002 (dollar_amount) — Accession Number for the filing
- 20250110 (date) — Filing Date
- 2024-09-30 (date) — Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders in connection with annual or special meetings of security holders. It provides detailed information about matters to be voted on, including executive compensation, director elections, and other corporate actions.
What specific fiscal years are covered by the financial data in this filing?
The filing references financial data for the fiscal years ending September 30, 2024, 2023, 2022, and 2021.
What type of company is TFS Financial Corp?
TFS Financial Corp is classified under the Standard Industrial Classification code 6035 as a 'SAVINGS INSTITUTION, FEDERALLY CHARTERED'.
What is the business address of TFS Financial Corp?
The business address for TFS Financial Corp is 7007 Broadway Avenue, Cleveland, OH 44105.
What does 'GrantDateFairValueOfEquityAwardsGrantedDuringApplicableYearMember' refer to?
This refers to the fair value of equity awards granted to individuals during a specific fiscal year, as determined on the date the grant was made.
Filing Stats: 4,844 words · 19 min read · ~16 pages · Grade level 11.4 · Accepted 2025-01-10 08:36:52
Filing Documents
- tfsl-20250110.htm (DEF 14A) — 978KB
- tfsl-20250110_g1.jpg (GRAPHIC) — 653KB
- tfsl-20250110_g2.jpg (GRAPHIC) — 671KB
- tfsl-20250110_g3.jpg (GRAPHIC) — 123KB
- tfsl-20250110_g4.jpg (GRAPHIC) — 109KB
- tfsl-20250110_g5.jpg (GRAPHIC) — 123KB
- tfsl-20250110_g6.jpg (GRAPHIC) — 102KB
- 0001381668-25-000002.txt ( ) — 5760KB
- tfsl-20250110.xsd (EX-101.SCH) — 4KB
- tfsl-20250110_def.xml (EX-101.DEF) — 6KB
- tfsl-20250110_lab.xml (EX-101.LAB) — 9KB
- tfsl-20250110_pre.xml (EX-101.PRE) — 5KB
- tfsl-20250110_htm.xml (XML) — 116KB
Executive Compensation
Executive Compensation 14 Pay Versus Performance 34 Pay Ratio 36 Director Compensation 38 Compensation Committee Report 40
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 41 Certain Relationships and Related Transactions 42 Delinquent Section 16(a) Reports 42 Proposal Two: Advisory Vote on Executive Compensation 43 Proposal Three: Ratification of the Selection of Deloitte & Touche LLP as the Company's Independent Accountant 44 Stockholder Proposals for Annual Meetings of Stockholders 45 Other Matters 45 TFS FINANCIAL CORPORATION 7007 Broadway Avenue Cleveland, Ohio 44105 PROXY STATEMENT Our Board of Directors is providing this proxy statement to ask for your vote as a stockholder of TFS Financial Corporation (the "Company," "we," "us" or "our") on certain matters to be voted on at our next annual meeting of stockholders, which will be held at the offices of Third Federal Savings and Loan, 7007 Broadway Avenue, Cleveland, Ohio 44105, on Thursday, February 20, 2025, at 9:00 a.m., Eastern Time. We are making these proxy materials, along with our 2024 Annual Report to Stockholders, available to you electronically on or about January 9, 2025. ABOUT THE MEETING What Is the Purpose of the Annual Meeting of Stockholders? At our annual meeting of stockholders, stockholders will act upon the matters outlined in the accompanying notice of meeting, including the election of five directors, an advisory vote on the compensation of our named executive officers and a proposal to ratify the selection of Deloitte & Touche LLP as the Company's independent accountant for the Company's fiscal year ending September 30, 2025. We are not aware of any other matter that will be presented for your vote at the meeting. Who Is Entitled to Vote? Only stockholders of record at the close of business on the record date, December 26, 2024, are entitled to receive notice of and to vote the shares of our common stock that they held on the record date at the meeting, or any postponement or adjournment of the meeting. Each outstanding share of common stock entitles its holder as